National Fuel Gas Co. (NFG) to Post Q1 2019 Earnings of $1.02 Per Share, Jefferies Financial Group Forecasts

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National Fuel Gas Co. (NYSE:NFG) – Jefferies Financial Group issued their Q1 2019 earnings per share estimates for National Fuel Gas in a research report issued on Tuesday, October 16th, according to Zacks Investment Research. Jefferies Financial Group analyst C. Sighinolfi forecasts that the oil and gas producer will post earnings per share of $1.02 for the quarter. Jefferies Financial Group also issued estimates for National Fuel Gas’ Q2 2019 earnings at $1.17 EPS, Q4 2019 earnings at $0.63 EPS and FY2023 earnings at $4.13 EPS.

Other equities analysts also recently issued reports about the company. TheStreet upgraded National Fuel Gas from a “c+” rating to a “b-” rating in a research report on Wednesday, August 8th. US Capital Advisors reiterated an “overweight” rating on shares of National Fuel Gas in a research report on Tuesday, July 17th. Zacks Investment Research upgraded National Fuel Gas from a “hold” rating to a “strong-buy” rating and set a $66.00 target price for the company in a research report on Friday, October 19th. Finally, ValuEngine upgraded National Fuel Gas from a “sell” rating to a “hold” rating in a research report on Monday, October 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. National Fuel Gas has a consensus rating of “Hold” and a consensus target price of $61.60.

National Fuel Gas stock traded up $0.58 during trading hours on Wednesday, hitting $54.15. The stock had a trading volume of 517,965 shares, compared to its average volume of 739,947. The company has a current ratio of 1.24, a quick ratio of 1.07 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $4.68 billion, a PE ratio of 16.21, a P/E/G ratio of 3.22 and a beta of 0.75. National Fuel Gas has a one year low of $48.31 and a one year high of $59.90.

National Fuel Gas (NYSE:NFG) last posted its earnings results on Thursday, November 1st. The oil and gas producer reported $0.49 EPS for the quarter, missing the consensus estimate of $0.54 by ($0.05). The firm had revenue of $289.20 million during the quarter, compared to the consensus estimate of $316.56 million. National Fuel Gas had a net margin of 24.58% and a return on equity of 15.11%. National Fuel Gas’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.53 earnings per share.

Several institutional investors and hedge funds have recently modified their holdings of NFG. Point72 Asia Hong Kong Ltd raised its position in shares of National Fuel Gas by 1,961.5% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,247 shares of the oil and gas producer’s stock worth $116,000 after acquiring an additional 2,138 shares during the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of National Fuel Gas during the second quarter worth about $137,000. Captrust Financial Advisors raised its position in shares of National Fuel Gas by 49.0% during the second quarter. Captrust Financial Advisors now owns 3,018 shares of the oil and gas producer’s stock worth $161,000 after acquiring an additional 993 shares during the last quarter. IFP Advisors Inc raised its position in shares of National Fuel Gas by 80.1% during the third quarter. IFP Advisors Inc now owns 3,046 shares of the oil and gas producer’s stock worth $171,000 after acquiring an additional 1,355 shares during the last quarter. Finally, Stratos Wealth Partners LTD. bought a new position in shares of National Fuel Gas during the third quarter worth about $172,000. Institutional investors own 71.70% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a dividend of $0.425 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 3.14%. National Fuel Gas’s dividend payout ratio (DPR) is 50.90%.

National Fuel Gas Company Profile

National Fuel Gas Company operates as a diversified energy company. The company operates in five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The Exploration and Production segment explores for, develops, and produces natural gas and oil reserves in California in the Appalachian region of the United States.

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Earnings History and Estimates for National Fuel Gas (NYSE:NFG)

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